The gaming firm aims to develop a blockchain similar to Steam, which allows users to buy and play videogames taking advantage of crypto’s underlying technology.

The funds will reportedly be used to promote the research and development of blockchain-based games as well as to foster the growth of the sector. More particularly, Unitopia plans to create a blockchain equivalent of the digital distribution platform Steam, where users can buy and play video games.

Why it is important

According to Unitopia, all games on its platform are decentralized and the distribution of the revenue generated by these games is controlled by smart contracts.

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